Year: 2022

Failure of PCIW to visit project site: India makes progress on hydropower project on Chenab River

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India is fast moving towards achieving the capacity to manipulate the water flows of Pakistani rivers as in a new development, it has finished not only the civil works but also almost completed the diversion tunnel for the Kiru hydropower project of 624MW the new one being erected on the Chenab River, but the sorry state of affairs is that the Pakistan Commission of Indus Water (PCIW) has not yet visited the site, top relevant officials told The News. Surprisingly, Pakistan and India are going to hold talks at the…

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Energy ministry denies farmers cheap power for tube wells

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Ministry of Energy has refused to extend farmers any relief over high power bills, inflated primarily by exorbitant fuel price adjustment charge, saying it was NEPRA issue, The News learnt on Tuesday. “As far as fuel price adjustment is concerned, farmers will have to pay it as ministry of Energy has no control on fuel prices,” sources quoted Hammad Azhar, Federal Minister for Energy, as saying in a recent meeting held in Islamabad. “We found a way forward on their other demands. FPA (Fuel Price Adjustment) is a NEPRA’s (National…

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Commissioning activities: KE says still waiting for RLNG supply from PLL

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Karachi Electric (KE) has claimed that it is still restricted to take 900 MW BQPS-III into commissioning phase due to non-availability of RLNG by Pakistan LNG Limited (PLL). In a letter to Secretary Petroleum, Ali Raza Bhutta, CEO KE, Syed Moonis Abdullah Alvi has said that RLNG supply has not yet started to the power utility despite a letter from the construction contractor Harbin Electric (Pvt) Limited on February 4, 2022, and signing of GSA with PLL on August 10, 2021 with the blessings of GoP in compliance with CCoE…

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PPRA rules: LNG cargoes given 6-month exemption

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The Board of Public Procurement Regulatory Authority (PPRA) has exempted procurement of 27 LNG spot cargoes from applicability of PPRA Rules for six months (January 2022 to June, 2022) to be procured by Pakistan LNG Ltd (PPL), official sources told Business Recorder. This decision was taken at a meeting of the PPRA Board held on January 24, 2022, under the chairmanship of Secretary Finance, Hamed Yaqoob Sheikh. Following the decision, the Petroleum Division has also convened a meeting of Price Negotiation Committee on February 11, 2022 to discuss import of LNG…

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Govt to clear way for K-Electric’s sale

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Finance Minister Shaukat Tarin on Monday reassured K-Electric’s investors of addressing the bottlenecks in the way of sale of the power utility’s majority shares to Shanghai Electric Power. A delegation comprising K-Electric’s board of directors representing Saudi Arabia’s Aljomaih Investments and other Middle Eastern firms met the finance minister. According to sources, the delegation gave a briefing on the company’s contribution to Pakistan. Since its privatisation, K-Electric has invested Rs400 billion in the country. K-Electric Chairman Shan Ashary stated that the sale of majority stake of the company had been…

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